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Estate Planning › Adult Children

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
Rivkin Radler LLP

Estate Planning Documents for Your ‘Adult’ Child

Rivkin Radler LLP on

While we may know better, an 18-year-old is generally considered an adult under New York law. Many of those 18-year-olds will be heading off to college in the next couple of months. Parents’ rights to make decisions for their...more

Offit Kurman

Financial Planning Tips for the Sandwich Generation with Sherry Finkel Murphy

Offit Kurman on

In this episode of The Sandwich Generation Survival Guide, host Candace Dellacona is joined by financial planner and author Sherry Finkel Murphy. They discuss the unique challenges of the 'Triple Decker Sandwich Generation,'...more

Schwabe, Williamson & Wyatt PC

The Grad Pack: Estate Planning for Newly-Minted Adults

Schwabe, Williamson & Wyatt PC on

Did you know that as soon as your child turns 18, you lose automatic access to their health, school, and financial information? When a child turns 18 and becomes a legal adult, it’s a momentous occasion—filled with...more

Foster Swift Collins & Smith

[Webinar] Back to School: Balancing Careers, Schedules and Divorce - August 7th, 9:00 am - 9:30 am EST

Foster Swift Collins & Smith on

Well, it was great while it lasted. The summer is already drawing towards its epic conclusion and if you are a parent, you know what that means...getting your kids ready to go back to school....more

Amundsen Davis LLC

Estate Planning for Young Adults: Essential Documents as Your Child Heads to College

Amundsen Davis LLC on

As your child approaches their milestone 18th birthday, it's crucial to understand the changes and responsibilities that accompany reaching the age of majority in the eyes of the law. This moment marks their transition into...more

Morgan Lewis

Estate Planning: Considerations for Young Adult Children

Morgan Lewis on

While they may still be under the care of their parents, college-aged or other young adult children should have certain legal documents in place in case of emergency or incapacitation, as well as to ensure prudent management...more

Saiber LLC

Estate Planning Checklist: Something to Consider Before Sending your Child off to College

Saiber LLC on

Before you pack the car and bring your student to their new home at college, there is an important bit of estate planning each family should consider. At the age of eighteen, a child become a legal adult....more

Fox Rothschild LLP

Divorce: The New Estate Planning Tool?

Fox Rothschild LLP on

This morning (5/17) presented an article by Michael Waters in the on-line edition of The Atlantic noting that only about half of Americans die with a will (i.e., testamentary instrument) and suggesting that many of the state...more

Chambliss, Bahner & Stophel, P.C.

[Webinar] Estate Planning Hot Topics: Self-Care for Caregivers, and Financial Planning for Aging Parents and Their Adult Children...

Chambliss, Bahner & Stophel, P.C. on

Dana Perry and Greg Willett of Chambliss will host two special guest panelists — Zach Hurst with The Trust Company and Tracy Wood with Alleo Health. We will cover topics such as self-care for caregivers, why it is important...more

Flaster Greenberg PC

Do I Have To Pay For My Parent’s Care?

Flaster Greenberg PC on

Adult children often ask, do I have to pay for my parent’s care? That depends. If you have taken control of your parent’s assets and income, absent a provision in a durable power of attorney allowing you to gift your...more

Ruder Ware

Add “Powers of Attorney” to Your College Student’s Back-to-School Checklist

Ruder Ware on

If you’re preparing to send a child off to college this fall, you should add two documents to your back-to-school checklist: (1) a power of attorney for health care, and (2) a durable power of attorney for finances. Without...more

Rosenberg Martin Greenberg LLP

Maryland Court of Appeals: Change of Beneficiary of Insurance Policy Is “Conveyance” Under Uniform Fraudulent Conveyance Act

Rosenberg Martin Greenberg LLP on

In a March 9, 2021 opinion, the Maryland Court of Appeals signaled the end of what it termed “an elaborate web of procedural history” by answering two questions certified to it by the United States District Court for the...more

Ward and Smith, P.A.

Happy 18th Birthday! Your College-Aged Child is an Adult. Now What?

Ward and Smith, P.A. on

Believe it or not, as of your child's 18th birthday, your child is an "adult" in the eyes of the law. With colleges and many businesses shut down due to COVID-19, your adult child might be living back under your roof and...more

Chambliss, Bahner & Stophel, P.C.

Do You Have the Right Fiduciary?

Chambliss, Bahner & Stophel, P.C. on

A fiduciary is a fancy legal term for the person who will take care of your property for you if you are unable to do it yourself, such as the executor of an estate, the trustee of a trust, or an attorney-in-fact under a power...more

Ward and Smith, P.A.

Estate Planning Resolutions for 2020

Ward and Smith, P.A. on

The holiday season has come and gone, and it's hard to believe that we are on the brink of a new year and decade.  For many of us, the start of a new year can be a time of empty commitment to self-betterment....more

Conn Kavanaugh

Before Your Child Leaves Home

Conn Kavanaugh on

Do you have a child who is leaving home for the first time for college, travel or employment? If so, before they go, talk with your child about signing a HIPAA release, a healthcare proxy and a power of attorney. A qualified...more

Ward and Smith, P.A.

Happy 18th Birthday! Your College-Aged Child is an Adult. Now What?

Ward and Smith, P.A. on

Believe it or not, as of your child's 18th birthday, your child graduated from being a "minor" to becoming a "legal adult." While your child is home from college this summer or preparing to head off to college in the fall,...more

Farrell Fritz, P.C.

Basic Estate Planning and Other Practical Advice As Your Child Heads Off to College

Farrell Fritz, P.C. on

Despite scientific research suggesting otherwise, an 18-year-old college student is generally considered an adult under New York law. Parents’ rights to make decisions for their child change suddenly when he/she turns age 18....more

Cranfill Sumner LLP

Top 5 Reasons that Seniors Should Avoid Sharing a Joint Bank Account with an Adult Child

Cranfill Sumner LLP on

As seniors age, many seniors believe that they should add an adult child to their bank account. Purely for ease and convenience, a jointly owned bank account would be a good way for an adult child to monitor a senior’s...more

Farrell Fritz, P.C.

Should You Create Trusts for Your Kids?

Farrell Fritz, P.C. on

If your children are under age eighteen, you should have trusts for them in your Wills, in the event you and your spouse should die before all your children reach age 18. If minors receive assets prior to reaching age...more

Chambliss, Bahner & Stophel, P.C.

What Are the House Ownership Options When Parents and Adult Children Live Together?

Chambliss, Bahner & Stophel, P.C. on

Increasingly, several generations of American families are living together. According to a Pew Research Center analysis of U.S. Census data, more than 50 million Americans, or almost 17 percent of the population, live in...more

Saul Ewing Arnstein & Lehr LLP

Family Finances: To Discuss or Not To Discuss?

Saul Ewing Arnstein & Lehr LLP on

A recent survey reveals some discouraging trends on the financial front. As reported by Financial Advisor, a survey by MFS Investment Management shows that more than 2 out of 3 financial advisors say their baby boomer clients...more

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